3 ms·
money printer is takin' a break > And unlike earlier periods of heavy debt, the Federal Reserve is no longer a big buyer of Treasuries, placing a heavy burden
by kube-system 2mo ago
money printer is takin' a break
> And unlike earlier periods of heavy debt, the Federal Reserve is no longer a big buyer of Treasuries, placing a heavy burden on private-sector investors.
- iAMkenough 2mo agopretty sure they’re literally printing useable currency with Trump’s face on it, cause printing money is cool again
- kube-system 2mo agoNot only is that not happening, it is currently illegal for the mint to do so. You may have seen the headline recently where Sec. Bessent held up a mockup of a bill printed out on a regular sheet of letter paper[0], and there's bill circulating to change the law, but it will not pass[1]. 0: https://ichef.bbci.co.uk/news/1536/cpsprodpb/97ed/live/f6126600-5ad9-11f1-8db2-c1599f6fe43e.jpg.webp https://ichef.bbci.co.uk/news/1536/cpsprodpb/97ed/live/f6126... 1: https://www.congress.gov/bill/119th-congress/house-bill/1761 https://www.congress.gov/bill/119th-congress/house-bill/1761
- iAMkenough 2mo agoWhere my recollection came from: https://www.pbs.org/newshour/politics/u-s-mint-produces-a-1-coin-bearing-trumps-face-to-help-celebrate-americas-250th-birthday https://www.pbs.org/newshour/politics/u-s-mint-produces-a-1-...
- natebc 2mo ago[dead]